PSU SHIPBUILDER SET TO WIN LARGE ORDER FOR SURVEY VESSELS ORDER FROM INDIAN NAVY

PSU defense company

is set to win a contract from the Indian Navy for constructing six large survey vessels in a deal worth about Rs 6,000 crore. The company has emerged as the lowest bidder for the order by quoting below Rs 1,000 crore per vessel. In Q3FY26, the company reported a sales revenue of Rs 1,165 crore, which is 9% higher than the sales revenue of Rs 1,070 crore as reported in the same quarter last year. With such large orders on hand, the company's revenue is expected to increase in the upcoming quarters.